Currently trading at $527.72, W. W. Grainger remains range-bound between $521.61 and $528.
- United States's Consumer Confidence new data released of 102.5 below its previous figure.
- Today's session seems to be pointing upwards and is building on W. W. Grainger's 3 days of gains (+$15.92).
Consumer Confidence in United States fell short of market expectations (106.5) with a reading of 102.5, continuing the decline from the previous figure of 107.8. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Aug) released today at 13:00 UTC with a figure of 13.1, while the previous figure was 16.
Visual analysis of W. W. Grainger's chart shows that although W W Grainger Inc is appreciating today after rising as high as $528, price action is now slowing and consolidating around $1.87 below the $529.59 resistance level. Trend and momentum analysis indicates that investors are seeking long positions as W. W. Grainger price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $535.61, thereby suggesting that W. W. Grainger is becoming overvalued.
Overall, while W. W. Grainger has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
United States Crude Oil Inventories is projected to outperform its last figure with 200,000. It previously stood at -1.73 million; data will be released tomorrow at 14:30 UTC. United States New Home Sales (Sep) scheduled to come out tomorrow at 14:00 UTC.
United Parcel Service is up 1.92%. Raytheon Technologies is down to $88.32, losing 1.57%, after ending yesterday at $89.73. Lockheed Martin is trading at $462.71 after ending yesterday's session at $457.46 (up 1.15%).
Approximately 2 months ago, W. W. Grainger reached a significant high of $585.57 but has struggled to hold onto its gains and declined 10.32% since then.